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| Funding East Midlands |
A range of products is on offer to help companies in the region grow and develop.
Select a category below to view available options.
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| Business grant schemes
There are two BERR (formerly DTI) grant schemes across the East Midlands which are delivered by East Midlands Development Agency. These are:
- Grant for Research & Development
Providing grants up to £200,000, the Grant for Research & Development helps businesses carry out research and development work that will lead to technologically innovative products or processes.
- Selective Finance for Investment (SFIE)
SFIE is BERR's capital investment grant scheme aimed at encouraging eligible businesses to invest in land and buildings, plant and machinery to support expansion and modernisation in England’s more deprived areas. The scheme is delivered in the East Midlands region by emda.
In February 2007, emda announced an ambitious extension to the scheme to support small and medium-sized enterprises across the whole of the region.
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| Business equity funds
The three equity funds detailed below can provide investment between £20,000 and £660,000. - Lachesis Fund
The Lachesis Fund is an early stage seed fund investing in the commercialisation of research activity undertaken at the Universities of De Montfort, Leicester, Loughborough, Nottingham and Nottingham Trent.
The maximum investment in any project is £250k. Typically investments will be in the range £10k to £100k.
- Early Growth Fund
The Early Growth Fund makes commercial investments up to £200,000 in start-up and early stage businesses across the East Midlands, investing alongside private investors (Business Angels) on identical terms - every £1 the Early Growth Fund invests will be matched by at least £1 from a Business Angel.
- Regional Venture Capital Fund
In 2002, emda helped launch the £30m Regional Venture Capital Fund (RVCF) to support high growth companies looking to raise development funding.
Managed by fund managers Catapult, it is designed to address the equity gap at the smaller end of the venture capital market, and can make investments in businesses of between £100,000 and £500,000.
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| EnterpriseLoans East Midlands - EnterpriseLoans East Midlands
Provides loans to both existing entrepreneurs and people starting up a business.
The purpose of this fund is to support individuals with a viable business idea who require finance. This includes those in disadvantaged communities and under-represented groups.
For a number of reasons, it can be difficult securing finance for a new business venture. EnterpriseLoans East Midlands exists to help aspiring individuals turn their plans into a business reality.
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| Business angels - East Midlands Business Angels (EMBA)
EMBA is a business angels network that operates in the East Midlands. It aims to arrange investments in companies with good potential for growth.
EMBA operate as a matchmaking service between companies seeking finance and EMBA's pool of investors who are looking to invest their money and possibly play an active part in the running of the business.
EMBA typically arrange deals between £30k to £100k but have the capability of arranging investments of up to £1.5 million.
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| Other funds - 2007-2013 ERDF Competitiveness Programme
East Midlands Development Agency (emda) is responsible for the programme management & delivery for the 2007-2013 ERDF Programme in the East Midlands, which is worth approximately £180m. The ERDF Programme’s objective is ‘to become a region of highly productive, innovative and sustainable businesses & support the most disadvantaged of our communities to realise their economic potential’. Investments will focus on:
- Increasing productivity through innovation
- Improving resource efficiency in businesses and communities
- Increasing sustainable economic and enterprise activity in disadvantaged communities
- 2007-2013 ESF Programme
Government Office for the East Midlands (GOEM) is responsible for the programme management of the region’s ESF allocation of approximately £174m. The Programme has two priorities for action:
- Extending employment opportunities
- Developing a skilled and adaptable workforce
- Rural Development Programme for England (RDPE)
The Rural Development Programme for England (RDPE) is a new programme to support social and economic development in rural areas.
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| Business support programmes
Access to Finance networks and events can play a key role in helping businesses to find out about the right finance for their business and support them in securing funds. - Investment Readiness Connect InvoRed
Delivered by Connect Midlands, this is a regional programme providing investment readiness support to businesses seeking £15,000 to £3.5 million of debt, grant and equity funding.
- Growth Investment Network East Midlands
In 2004, emda supported the establishment of Growth Investment Network East Midlands (GINEM), a network of private sector organisations set up to stimulate business growth through private equity investments, in the range of £50,000 to £2 million. GINEM members are professional organisations across the region active in investment, raising finance and support.
- A2F Showcase events
A2F Showcase events provide East Midlands companies seeking to raise funding with the opportunity to present their propositions to investors from outside the region, particularly those investors based in London and the South East. Organised by E-Synergy Limited, the events consist of presentations and short pitches to investors, as well as exhibitions and workshops.
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